Cryptocurrency Analysis and News Portal
The iShares Ethereum Trust was registered by BlackRock Advisors as a corporate entity in Delaware. News of the filing Thursday morning sent ether soaring to as high as $2,100 – its strongest level since April's Shanghai upgrade. It's since pulled back to $2,006, still ahead 6% for the session. Source
Read More
The S&P 500 Index nudged higher by 0.45% to record its second positive week. While the United States equities markets were a slow mover, gold witnessed a massive run-up of more than 5% this week. Its rally of 3.11% on Oct. 13 was its best one-day performance since Dec. 1
Read More
Ethereum staking protocol Lido Finance has assured both Lido DAO (LDO) and staked-Ether (stETH) tokens remain safe despite hackers allegedly exploiting a known security flaw in LDO’s token contract.Lido didn’t confirm any exploits, but acknowledged the security flaw was known and reassured LDO and stETH funds remain safe in response
Read More
AVAX's unlock will be split between the strategic partners, who get 2.25 million, or $24.21 million worth, the Foundation, which gets 1.67 million tokens, the team, which is allocated 4.5 million tokens, or $48.42 million, and airdrop participants which get 1.13 million tokens.0 Original Source
Read More
Altcoin prices crumbled after the United States Securities and Exchange Commission (SEC) announced lawsuits against Binance and Coinbase at the start of the week. Apart from the action against the two biggest crypto exchanges, investors seem to be nervous because the SEC labeled 23 cryptocurrencies as securities in the two
Read More
Hal Press, the founder of hedge fund North Rock Digital, wrote on Twitter that he has “been critical of LDO in the past partly because the token accrued no value,” but said if the proposal was adopted, it “would go a long way toward fixing that issue.” Source
Read More
According to a blog post, “The implementation of withdrawals coupled with the Staking Router proposal will contribute to an increase in the decentralization of the network, a more healthy Lido protocol, and enable the long-awaited ability to stake and unstake (withdraw) at will, reinforcing stETH as the most composable and
Read More
The rumor sparked panic on crypto Twitter, however, and it quickly spread across the Colorado convention hall where ETHDenver, one of the year’s largest crypto industry gatherings, was underway. The rumors, if proven true, would suggest that the SEC is ramping up scrutiny of Ethereum and crypto staking. Source
Read More
The United States Securities and Exchange Commission (SEC) has started ramping up its crackdown on the crypto industry and recent enforcement actions had a negative impact on crypto prices last week and at the start of this week. The SEC is focusing on stablecoin issuers. The most recent SEC stablecoin crackdown
Read More
The proposal was submitted by Lido DAO’s financial unit, Steakhouse Financial, and considers four treasury-related proposals, including whether the DAO should sell or stake the 20,304 ether (worth about $30 million) it holds in its treasury, diversify its stablecoin holdings and sell its protocol surplus of staked eth to finance
Read More